New York
- Regardless of how well you
plan you financial future, several unexpected or expected
events can threaten or affect your plan. Consider the following::

High Inflation
- If inflation is higher than you planned for - you
may be negatively impacted. Inflation can erode your
buying power faster than your income grows from
dividends and interest. This risk is significant
especially when you consider the already high costs
of health care.

Your family's
health - An unexpected illness to yourself
or you family can not only cause emotional distress-
but it may substantially affect the amount of money
available for your retirement. On the good side, you
may actually be extremely healthy and underestimate
your cash needs.

Income taxes -
If the government changes the tax structure or you
have more taxable income than you planned, you may
find yourself in a higher tax bracket than you while
you were working. This situation may cause you to
have less disposable income that you thought you
would have.

Pension
mishaps - Although some pension plans are
partially guaranteed by a government backed agency,
it is conceivable that your company or it's pension
plan may not be able to support the retirement needs
of all employees. It has happened in the past and
there is no reason why you should expect it not to
occur in the future.

Social
Security Impact - Although investors should
count on receiving some benefits, given the current
state of the Social Security system, there will
undoubtedly be significant future changes.

Market crashes
- Many individuals keep too much money in the stock
market. As they get ready for retirement, the market
may undergo a severe market correction which may
create havoc on retirement plans.

Whatever financial plan you
develop - you need to ensure you understand and plan for
contingencies like identified above.

Your independent Fee-Only
financial adviser can help you determine if your retirement plans properly
plan for the above threats.